Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Insurers Happy About Quiet Atlantic Hurricane Season

Oct 14 2009 // Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers.With the...

Willis Re in Global Reorganization

Oct 14 2009 // Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the evolving...

US Needs ‘Better Offers’ on Services from Doha Round Says Trade Rep

Oct 13 2009 // The United States cannot agree to a deal in the Doha round of world trade talks until other countries make better offers to open their markets to services trade, the top U.S. trade official said Tuesday.“We know that...

Successful IPO by Insurance Firm Verisk Analytics Stirs Hopes for More

Oct 8 2009 // Verisk Analytics Inc., an insurance services firm that owns ISO and is partly owned by Warren Buffett’s Berkshire Hathaway, soared in its first day of trading Wednesday, and stirred hopes that the appetite for such...

U.S. RE Receives Brazil License

Oct 8 2009 // The U.S. RE Companies have been approved by the Brazilian regulatory authorities to launch the Company’s new subsidiary, U.S. RE Do Brasil Corretora de Resseguros, LTDA, as a reinsurance broker with offices in Sao...

U.S. RE in Alliance with Italy’s Sfrorni

Oct 8 2009 // New York-based U.S. RE Corporation, the international reinsurance brokerage firm, has formed a strategic alliance with Bruno Sforni S.p.A, an insurance and reinsurance broker located in Milan, Italy. The Company followed...

ISO Parent Verisk Analytics Raises $1.88 Billion in IPO

Oct 7 2009 // Insurance risk specialist Verisk Analytics Inc. raised $1.88 billion Tuesday in the biggest IPO by a U.S. company since March 2008 after pricing its shares at a higher-than-expected $22 each.The sale of the shares, which...

U.S. Supreme Court Justices Face High-Profile Cases As New Term Opens

Oct 6 2009 // Questions about securities fraud, Sarbanes-Oxley, financial executives’ compensation and football merchandise are among the high-profile cases that the Supreme Court will take up in its term that began this week:...

People

Oct 5 2009 // W. R. Berkley Corp. has appointed Carol J. LaPunzina as senior vice president of human resources. In her newly established position, she will oversee human resource operations and personnel development for the company....

People

Oct 5 2009 // Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the...

Business Moves

Oct 5 2009 // Willis, IrelandWillis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also...

Health Rates Rose Fast in West

Oct 5 2009 // Family health care premiums rose an estimated three to five times faster than earnings for workers in Western states from 2000 through 2009, according to a report issued by the consumer health organization Families USA.In...

Lava-Listed on Hawaii’s Big Island

Oct 5 2009 // The U.S. Geological Survey’s 35-year-old maps of lava danger zones in this southern corner of Hawaii’s Big Island are a tableau of earthy colors and odd shapes originally meant for scientific and planning...

2009 a Boom Year for Government Activity on Insurance

Oct 5 2009 // Legislative and regulatory activity affecting the insurance industry has increased considerably in 2009 compared to the previous two years, according to a new report.From January to July 2009, more than 10,000 pieces of...

The ‘Special’ Relationship

Oct 5 2009 // The bond between the United States and the U.K. has been the subject of a significant amount of media comment in recent weeks on both sides of the Atlantic. Our long held “special” relationship seems to have...

London: International Insurance Center

Oct 5 2009 // London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The...

AIG Stabilizing But Ability to Repay Government in Doubt

Oct 5 2009 // Insurer American International Group’s ability to restructure its business and repay billions of dollars to the U.S. government remains in doubt, U.S. congressional investigators said in a report. However, the...

Ironman Kevin Kelley: Strength Through Multiple Platforms

Oct 5 2009 // In December 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International...

London: International Insurance Center

Oct 5 2009 // London’s insurance market comprises general carriers, specialty carriers, reinsurers, brokers, underwriters, claims handlers, lawyers, accountants and their adjuncts, who work together to sell “The...

House Panel Releases Bill Creating Federal Insurance Office

Oct 2 2009 // Congress got a look yesterday at a draft of legislation to create a federal insurance office that would work on international insurance issues as well as monitor the insurance industry and insurers for anything that might...